Metals & mining industry M&A deals in January 2019 total $18.12bn globally

8 March 2019 (Last Updated March 8th, 2019 14:27)

Total metals & mining M&A deals in January 2019 worth $18.12bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 194.4% over the previous month and a rise of 136.4% when compared with the last 12-month average, which stood at $7.67bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $12.92bn. At the country level, Canada topped the list in terms of deal value at $12.89bn.

In terms of volumes, North America emerged as the top region for metals & mining M&A deals globally, followed by Asia-Pacific and then South and Central America.

The top country in terms of M&A deals activity in January 2019 was Canada with 38 deals, followed by Australia with 10 and the United States with seven.

Metals & mining M&A deals in January 2019: Top deals

The top five metals & mining M&A deals accounted for 97.7% of the overall value during January 2019.

The combined value of the top five metals & mining M&A deals stood at $17.7bn, against the overall value of $18.12bn recorded for the month.

The top announced metals & mining M&A deal tracked by GlobalData in January 2019 was Newmont Mining’s $12.5bn acquisition of Goldcorp.

In second place was Daye Special Steel’s acquisition of Jiangyin Xingcheng Special Steel Works for $3.56bn and in third place was CMOC’s $1.14bn acquisition of BHR Newwood DRC Holdings.

SolGold’s $287.95m acquisition of Cornerstone Capital Resources and Project Halo’s acquisition of Koornfontein Coal Mine , Optimum Coal MineLtd and Optimum Coal Terminal (Proprietary) for $215m held fourth and fifth positions, respectively.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.